Isaac Ehrlich - Academia.edu (original) (raw)
Papers by Isaac Ehrlich
Journal of Political Economy, 1990
We specify a demand function for longevity, or quantity of life, along with corresponding demand ... more We specify a demand function for longevity, or quantity of life, along with corresponding demand functions for indicators of quality of life and a value-of-health and life extension functions. We show that the demand for health must be derived in conjunction with that for longevity and the related consumption plan, and that all choices depend on initial individual endowments and terminal conditions. Our comparative dynamics predictions indicate that optimal health and longevity are increasing functions of endowed wealth rather than, necessarily, current income; that improvements in opportunities to produce health can accentuate the differences between endowed health and attained longevity levels; and that the value individuals ascribe to their health may be increasing over a good portion of their life cycle. Copyright 1990 by University of Chicago Press.
The New Palgrave Dictionary of Economics, 2012 Version, 2012
ICPSR Data Holdings, 1984
Journal of Human Capital, 2007
... 6, pt. 2 (December): S270–S293. Ehrlich, Isaac, and Yong Yin. 2005. ... 2006. “The Value of H... more ... 6, pt. 2 (December): S270–S293. Ehrlich, Isaac, and Yong Yin. 2005. ... 2006. “The Value of Health and Longevity.” JPE 114 (October): 871–904. Abstract. Murphy, Kevin M., and Finis Welch. 1992. “The Structure of Wages.” QJE 107 (February): 285–326. ...
The American Political Science Review, 1983
Journal of Economic Dynamics and Control, 1997
Annals of Economics and Finance
Using a prototype human capital based growth model without borrowing restrictions and government ... more Using a prototype human capital based growth model without borrowing restrictions and government intervention, we study the dynamic evolution of aggregate output and income inequality. We show how even barebones models can yield some testable implications about the growth-inequality relation that may square nicely with the empirical reality. We also provide some useful speculations about this relation over different stages of economic development.
Science (New York, N.Y.), Jan 24, 2012
In preparing for the RIO+ 20 Earth Summit, the world community must acknowledge that population t... more In preparing for the RIO+ 20 Earth Summit, the world community must acknowledge that population trends interact strongly with economic development and environmental change at local and global levels. The International Institute for Applied Systems Analysis (IIASA) ...
American Economic Review, Feb 1, 1998
J Legal Stud, 1977
ON THE MEASUREMENT OF THE DETERRENT EFFECT OF CAPITAL PUNISHMENT AND THE THEORY OF DETERRENCE ISA... more ON THE MEASUREMENT OF THE DETERRENT EFFECT OF CAPITAL PUNISHMENT AND THE THEORY OF DETERRENCE ISAAC EHRLICH* and JOEL С GIBBONS** R, .ecent investigations by one of us1 into the deterrent effect of capital punishment and the assessment of its ...
CEMA Working Papers, 1999
SSRN Electronic Journal, 2000
Journal of Political Economy, 1972
Page 1. Market Insurance, Self-Insurance, and Self-Protection Isaac Ehrlich University of Chicago... more Page 1. Market Insurance, Self-Insurance, and Self-Protection Isaac Ehrlich University of Chicago and Tel-Aviv University Gary S. Becker University of Chicago The article develops a theory of demand for insurance that em-phasizes ...
Revista De Economia Del Rosario, 1999
Nber Working Papers, 2007
There is growing concern about a decline in the total fertility rate worldwide, but nowhere is th... more There is growing concern about a decline in the total fertility rate worldwide, but nowhere is the concern greater than in OECD countries, some of which already face the prospect of population decline as well. While the trend is largely the result of structural economic and social changes, our paper indicates that it is partly influenced by the scale of the defined-benefits, pay-as-you-go (PAYG) social security systems operating in most countries. Through a dynamic, overlapping-generations model where the generations are linked by parental altruism, we show analytically that social security tax and benefit rates generate incentives for individuals to reduce not just the fertility rate within families, but also the incentive to form families, which we capture empirically by the fraction of adults married. We conduct calibrated simulations as well as regression analyses that measure the quantitative importance of social security tax rates in lowering both net marriage and total fertility rates. Our results show that the impact of social security on these variables has been non-trivial. Our calibrated simulations also enable us to study the effects of changes in the structure of social security on family formation and fertility.
Cuadernos Economicos De Ice, 1994
Journal of Political Economy, 1990
We specify a demand function for longevity, or quantity of life, along with corresponding demand ... more We specify a demand function for longevity, or quantity of life, along with corresponding demand functions for indicators of quality of life and a value-of-health and life extension functions. We show that the demand for health must be derived in conjunction with that for longevity and the related consumption plan, and that all choices depend on initial individual endowments and terminal conditions. Our comparative dynamics predictions indicate that optimal health and longevity are increasing functions of endowed wealth rather than, necessarily, current income; that improvements in opportunities to produce health can accentuate the differences between endowed health and attained longevity levels; and that the value individuals ascribe to their health may be increasing over a good portion of their life cycle. Copyright 1990 by University of Chicago Press.
The New Palgrave Dictionary of Economics, 2012 Version, 2012
ICPSR Data Holdings, 1984
Journal of Human Capital, 2007
... 6, pt. 2 (December): S270–S293. Ehrlich, Isaac, and Yong Yin. 2005. ... 2006. “The Value of H... more ... 6, pt. 2 (December): S270–S293. Ehrlich, Isaac, and Yong Yin. 2005. ... 2006. “The Value of Health and Longevity.” JPE 114 (October): 871–904. Abstract. Murphy, Kevin M., and Finis Welch. 1992. “The Structure of Wages.” QJE 107 (February): 285–326. ...
The American Political Science Review, 1983
Journal of Economic Dynamics and Control, 1997
Annals of Economics and Finance
Using a prototype human capital based growth model without borrowing restrictions and government ... more Using a prototype human capital based growth model without borrowing restrictions and government intervention, we study the dynamic evolution of aggregate output and income inequality. We show how even barebones models can yield some testable implications about the growth-inequality relation that may square nicely with the empirical reality. We also provide some useful speculations about this relation over different stages of economic development.
Science (New York, N.Y.), Jan 24, 2012
In preparing for the RIO+ 20 Earth Summit, the world community must acknowledge that population t... more In preparing for the RIO+ 20 Earth Summit, the world community must acknowledge that population trends interact strongly with economic development and environmental change at local and global levels. The International Institute for Applied Systems Analysis (IIASA) ...
American Economic Review, Feb 1, 1998
J Legal Stud, 1977
ON THE MEASUREMENT OF THE DETERRENT EFFECT OF CAPITAL PUNISHMENT AND THE THEORY OF DETERRENCE ISA... more ON THE MEASUREMENT OF THE DETERRENT EFFECT OF CAPITAL PUNISHMENT AND THE THEORY OF DETERRENCE ISAAC EHRLICH* and JOEL С GIBBONS** R, .ecent investigations by one of us1 into the deterrent effect of capital punishment and the assessment of its ...
CEMA Working Papers, 1999
SSRN Electronic Journal, 2000
Journal of Political Economy, 1972
Page 1. Market Insurance, Self-Insurance, and Self-Protection Isaac Ehrlich University of Chicago... more Page 1. Market Insurance, Self-Insurance, and Self-Protection Isaac Ehrlich University of Chicago and Tel-Aviv University Gary S. Becker University of Chicago The article develops a theory of demand for insurance that em-phasizes ...
Revista De Economia Del Rosario, 1999
Nber Working Papers, 2007
There is growing concern about a decline in the total fertility rate worldwide, but nowhere is th... more There is growing concern about a decline in the total fertility rate worldwide, but nowhere is the concern greater than in OECD countries, some of which already face the prospect of population decline as well. While the trend is largely the result of structural economic and social changes, our paper indicates that it is partly influenced by the scale of the defined-benefits, pay-as-you-go (PAYG) social security systems operating in most countries. Through a dynamic, overlapping-generations model where the generations are linked by parental altruism, we show analytically that social security tax and benefit rates generate incentives for individuals to reduce not just the fertility rate within families, but also the incentive to form families, which we capture empirically by the fraction of adults married. We conduct calibrated simulations as well as regression analyses that measure the quantitative importance of social security tax rates in lowering both net marriage and total fertility rates. Our results show that the impact of social security on these variables has been non-trivial. Our calibrated simulations also enable us to study the effects of changes in the structure of social security on family formation and fertility.
Cuadernos Economicos De Ice, 1994